J P Morgan Chase & Co Lowers Iberdrola SA (NASDAQ:IBDRY) to Neutral
Iberdrola SA (NASDAQ:IBDRY) was downgraded by stock analysts at J P Morgan Chase & Co from an “overweight” rating to a “neutral” rating in a research report issued on Tuesday, October 3rd, MarketBeat Ratings reports.
Other research analysts also recently issued research reports about the company. Natixis restated a “neutral” rating on shares of Iberdrola SA in a research note on Thursday, June 8th. Berenberg Bank restated a “hold” rating on shares of Iberdrola SA in a research note on Friday, August 4th. Finally, Goldman Sachs Group, Inc. (The) downgraded Iberdrola SA from a “buy” rating to a “neutral” rating in a research note on Thursday, July 6th.
Iberdrola SA (NASDAQ:IBDRY) traded up 0.078% during trading on Tuesday, reaching $32.075. 10,149 shares of the company’s stock traded hands. The company has a 50 day moving average of $31.93 and a 200 day moving average of $31.13. The firm has a market cap of $50.01 billion and a price-to-earnings ratio of 15.274. Iberdrola SA has a one year low of $23.38 and a one year high of $33.39.
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Iberdrola SA Company Profile
IBERDROLA, SA is engaged in carrying out electricity and gas activities in Spain and abroad. The Company’s segments include Network business, Deregulated business, Renewable business and Other businesses. The Company’s Network business segment includes all the energy transmission and distribution activities, and any other regulated activity originated in Spain, the United Kingdom, the United States and Brazil.
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